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July 2024: Malaysia

Malaysia’s technology headlines in July of 2024 captured news items including coverage of: Malaysia-Taiwan collaboration agreements in fintech; an overview of Penang’s high-tech Silicon Island project; Digital Penang’s partnership with Thailand for tech startup market access; and more.

Plus: Asia’s Tech Newsletter, Weekly >

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  • Malaysia: PitchIN digital fundraising and investments hub to launching PSTX, the pitchIN Secondary Trading Market, expanding the equity crowdfunding platform’s footprint / full item
  • Malaysia: The Tech in Asia Conference took place July 24-25 in Kuala Lumpur, and gathered startups, founders, investors, and business leaders from across SE Asia / full item
  • Malaysia: Hong Kong FinTech Week’s Southeast Asia Roadshow hit Kuala Lumpur on July 29th / details
  • Malaysia: A brief overview of the goals of the Silicon Island project, a man-made recovered island off Penang’s southern coast, projecting 220,000 new tech jobs over 30 years / full item

Malaysia: “…$5.33BN to transform the nation into a global semiconductor hub… develop an integrated circuit design park in Selangor and a ‘Silicon Island’ off the coast of Penang” / full item

  • Malaysia: Digital Penang unveils Market Access Thailand program, aiming to intro Penang startups to the Thai market / full item
  • Malaysia and Singapore increase oversight of social media, messaging platforms and online markets in bid to curb growth in online scams and harms to minors / full item

“In what were once wild jungle and palm oil plantations in southern Malaysia, the likes of TikTok, Nvidia and Microsoft are racing to install the building blocks of the digital economy: data centres.” / full item

  • Malaysia: Telekom Malaysia and Nxera, regional data centre arm of Singtel’s Digital InfraCo, partner for cutting-edge data centre facility in Johor / full item
  • Taiwan’s FinTechSpace and Fintech Association of Malaysia ink MOU to collaborate on industry matchmaking, aiming to grow cross-domain fintech opportunities / full item
  • Reserve Bank of India joins Project Nexus, collaborating with Malaysia, Philippines, Singapore, and Thailand to facilitate instantaneous cross-border retail payments / full item

“Project Nexus aims to connect domestic instant payment systems to improve…  cross-border payments… with the central banks of India, Malaysia, Philippines, Singapore & Thailand” / full item

  • ASEAN Startup Initiative gains endorsement from ASEAN Committee on Science, Tech & Innovation, with Malaysia’s Cradle Fund set to lead the Initiative / full item

Technology Trends Outlook 2024

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